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Can I have a KTP?
KTPs are available to both SMEs and large companies, subject to proving that you can support the project both financially and in terms of supervision. A project has to be commercially beneficial and this has to be clear from the outline.
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What if I am not sure that KTP is right for me?
WestFocus can send a UT Busines Adviser to meet you and discuss your company's needs. The can recommend KTP or a range of solutions available within the group.
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How much will KTP cost me?
The cost to SMEs is 40% of project costs - typically £17,800 pa. A large company pay 60% of costs, about £26,700. Both of these include London Weighting.
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How long does it take?
From a first meeting, the lead time to submitting an application is 4-8 weeks, and recruitment can start within a month of a successful submission. There are 9-10 submission deadlines per year, with gaps over the summer and Christmas.
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Wouldn't it be easier just to employ a graduate?
The KTP Associate is employed by the University on behalf of a company, so you do not have an extra person on your payroll. The budget also includes allowances for travel, expenses and equipment, all subsidised by the grant.
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How does it help us if they work for the University?
The Associate works in the company as a member of staff, keeping to company hours and regulations. 75% of Associates are offered permanent positions with their companies at the end of the project. In addition, the project can draw on university resources, including expertise from other departments.
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What happens if the project aims change?
The steering group for a project can agree changes in objectives, provided that the main context of the project remains the same
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What is my commitment to the project?
If the project bcomes unviable, you can withdraw at any stage, and a financial reconciliation will ensure that you only pay your contribution up to that point.
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Can I have more than one project?
You need to have the manpower to support each Associate, but in principle an SME can have up to four projects in a five-year period.
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How much extra work is involved?
The KTP Office will do its best to take the burden of administrative work for the project, so that all you have to do is oversee the Associate.
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